Poland

European economic data will be closely watched this week

Jean-Claude Juncker, president of the European Commission
Jean-Claude Juncker, president of the European Commission. Photo: Michael Brochstein/SOPA Images/LightRocket via Getty Images

With the eurozone on the brink of recession and its economic engine, Germany, likely already in one, data this week out of Europe will be closely watched.

Why it matters: This week will bring the release of German factory orders and industrial production data as well as the European Commission's forecasts for eurozone growth.

Expert Voices

Polish parliamentary elections raise stakes for presidential vote

Jaroslaw Kaczynski, leader of the Law and Justice political party (PiS), speaks to his supporters.
Jaroslaw Kaczynski, leader of the Law and Justice political party. Photo: Carsten Koall/Getty Images.

Poland's Law and Justice party (PiS) prevailed this weekend in parliamentary elections marked by a record turnout of 61%, cementing the euroskeptic party's hold on power domestically and potentially impacting democratic trends across the EU.

The big picture: The PiS has presided over fast economic growth (above 5% in 2018), the delivery of generous social programs, and a more conservative course on many issues, such as LGBT rights, that are deeply polarizing. But after an often controversial 4-year term, the party has now received a sign of popular approval.